Placer Dome earnings rise
A higher gold price and increased investment income helped to boost net earnings in the first half of 1994, Placer Dome (TSE) says. Earnings of US$61 million were recorded for the 6-month period, a si…
News
METAL PRICES — London Metal Exchange
Spot closing prices in $US per tonne Date August 9 August 8 August 5 August 4 August 3 Copper 2392-2393 2396-2397 2400-2401 2405-2407 2404-2405 Lead 565-566 573.5-574.5 579-580 578.5-579.5 576-577 Zin…
STOCK MARKETS — Rising dollar, bank rate help to bolster
A healthy rise in the Canadian dollar and a stable bank rate helped shore up the TSE over the 5-day report period ended Aug. 9. The composite 300 index closed down 7.46 points to end the period at 4,1…
Pangea to drill Tanzanian properties
CDN-listed Pangea Goldfields has received conditional approval to begin trading on the Toronto Stock Exchange, with final approval expected within the next four weeks. Also, the company has acquired m…
Flag drilling near Sudbury
Work is continuing on the 10,400-hectare property held by Flag Resources near Sudbury, Ont. A large magnetic body, thought to represent the western sector of the Wanapitei anomaly, was found near the …
GOLD FUNDS (August 15, 1994)
BGR Central Net Value $17.36 $6.68 Price $15.75 $7.250 Premium 8.5% Discount 9.28 Value $141,055,000 $131,219,925 \…
METALS PRICES — Spot prices at a glance
Week’s Price (US) Change Gold* $378.30 – $0.30 Silver* $ 5.16 – $0.05 Platinum* $412.50 – $2.00 Nickel** $ 2.59 – $0.16 Lead** $ 0.25 – $0.01 Copper $ 1.08 – $0.02 Zinc $ 0.42 – $0.01 Courtesy of Scot…
Black Swan at odds with Goldbelt
A new dispute is brewing between Black Swan Gold Mines (TSE) and Goldbelt Resources (VSE). The companies are at odds over a settlement agreement made in January, 1992, regarding the Leninogorsk gold t…
AMERICAS — Ancient mining site uncovered in Chile’s Atacama
Of all the deserts in the world, the Atacama in northern Chile is the most desolate. Little or no measurable precipitation is recorded annually. There are vast stretches where not a single blade of ve…
Noranda boosts earnings
Improved second-quarter and first-half results are attributed by Noranda (TSE) to stronger prices and improved sales volumes for many of the company’s principal products and to more favorable currency…
Aur to deep-drill Mainstreet
A 2-hole, deep-drill program is under way on Beaufield Consolidated Resources’ (VSE) Mainstreet copper-zinc property in Louvicourt Twp., Que., project operator Aur Resources (TSE) reports. The aim of …
World Wide set to resume drilling
A second phase of drilling is expected to begin shortly on World Wide Minerals’ (TSE) Easter project in Nevada. The new program, designed to increase reserves, is a followup to a 21-hole program carri…